U.S. Pulse and Regional Oximeters Market Competitive Analysis and Top Profiling

How Will
Government Help
U.S. Pulse and
Regional
Oximeters Market
Grow?
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The U.S. pulse and regional oximeters market is expected to demonstrate a
CAGR of 8.2% between 2019 and 2024, owing to the presence of prominent
players and large-scale use of pulse and regional oximeters for health monitoring
across the nation. Additionally, the rising number of patients opting for
metabolic screening, increasing number of medical centers and hospitals, and
soaring public awareness about surgical care programs will also facilitate the
industry growth. Therefore, the market revenue is expected to reach $1,101.4
million by 2024.
One of the primary growth drivers of the market is the increasing focus of
government organizations and the WHO on imparting knowledge about pulse
and regional oximeters to caregivers. The WHO includes a safe surgical checklist
as a standard of operation. In addition, several NGOs in the country are also
devoted toward safe anesthesia treatment and surgery in developing countries.
For example, Lifebox Foundation, a U.S.-based NGO, is focusing on providing
hospital teams with a critical combination of doctor support, medical equipment,
and medical knowledge.
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In recent years, the increasing number of collaborations and acquisitions among
industry players have become a prominent trend in the U.S. pulse and regional
oximeters market. Key players are engaging in collaborations and acquisitions to
expand their customer base, product portfolio, and footprints. For example, in
April 2019, Edwards Lifesciences Corporation completed the acquisition of CAS
Medical Systems Inc. (CASMED) for $100 million. With this move, Edwards
aimed to use FORE-SIGHT non-invasive cerebral oxygenation technology of
CASMED and to pair FORE-SIGHT technology of CASMED with its HemoSphere
advanced hemodynamic monitoring platform.
The adult category, under the patient type segment, held the largest share in
the U.S. pulse and regional oximeters industry in the last few years. This was on
account of the booming geriatric population, which is extremely prone to CVDs.
According to the AHA, the average age at the first heart attack in the U.S. is
65.6 years for men and 72.0 years for women. Besides, the increasing use of
home-based, user-friendly, and non-invasive devices by old people will also
facilitate the growth of the market in this category.
In contemporary times, major players in the U.S. pulse and regional
oximeters industry are focusing on strategic measures, such as regulatory
approvals and product launches, to stay ahead of their competitors. For
instance, in August 2015, Nonin Medical Inc. unveiled Apple iOS mobile app and
NoninConnect model 3230 Bluetooth smart wireless finger pulse oximeter for
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patients and clinicians outside the U.S. Other key players adopting such strategic
measures include Edwards Lifesciences Corporation, Masimo Corporation, and
General Electric Company.
According to P&S Intelligence, California accounted for the largest share in the
U.S. pulse and regional oximeters market in the years gone by, and it will
maintain the lead in the coming years as well. On the other hand, the market in
Minnesota is expected to display the fastest growth in the foreseeable future.
This will be primarily on account of the high burden of lung diseases, rapid
technological advancements, and frequent introduction of new products in the
state.
Therefore, the surging focus of government organizations and international
organizations on imparting knowledge about pulse and regional oximeters to
caregivers will help the market growth in the future.
The research offers market size of the U.S. pulse and regional oximeters market for the peri od
2014–2024.
Market Segmentation by Product Type
• Pulse Oximeter
o Fingertip
o Handheld
o Earlobe
o Table-top
o Forehead
o Wrist-worn
o Palm/foot
o Nose
• Regional Oximeter
Market Segmentation by Sensor Type
• Reusable
• Disposable
Market Segmentation by Patient Type
• Adult
• Neonate
• Pediatric
Market Segmentation by End User
• Hospitals
• Pre-Hospital Care and Emergency Medical Service (EMS) Providers
• Clinics
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• Fire Rescue Departments
• Emergency Management Care Settings
• Homecare Settings
Market Segmentation by Geography
• U.S. Pulse and Regional Oximeters Market
o By product type
o By sensor type
o By patient type
o By end user
o By state – California, Minnesota, Massachusetts, Florida, Pennsylvania, New York,
Texas, New Jersey, Illinois, Ohio, Georgia, Wisconsin, Virginia, Mississippi,
Nebraska, Washington, South Carolina, Colorado, Arizona, Maryland, and Others
• California pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Minnesota pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Massachusetts pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Florida pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Pennsylvania pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
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• By end user
• New York pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Texas pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• New Jersey pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Illinois pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Ohio pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Georgia pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Wisconsin pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
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• Virginia pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Mississippi pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Nebraska pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Washington pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• South Carolina pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Colorado pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Arizona pulse and regional oximeters market
• By product type
• By sensor type
• By patient type
• By end user
• Maryland pulse and regional oximeters market
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• By product type
• By sensor type
• By patient type
• By end user
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